This are great ideas for the amateur. However, the quality of video produced by these cameras cannot compare to the quality of a good dSLR or video...
The quality of any media production is the content first, then the mechanics that support it!
The iPhone 4S shooting at 14mm and using ProCamera App which allows for continual manual exposure adjustment as you move is impressive! The absolute worst videos we edit come from amateur DSLR users who lock on a setting and film an entire house on that setting. Consumer DSLR's have a cropped sensor so you buy it with most likely an 18-55mm lens then realize that is the equiv. of 28mm....so off the agent has to go and buy an add'l $500 10mm lens to get down to almost as wide as the 4S can shoot with our lens set...and our lens set doesn't have that spherical wraparound effect that the 10mm lens(whose sensor only captures 17mm) gives on that DSLR.
I have to be in NYC all next week but sometime after that I will be loading samples shot with a Canon DSLR 11mm(17mm equiv) lens vs iPhone 4S(14mm equiv) but won't say which is which....most will have a hard time differentiating....and an online home buyer would be more than happy with either....and that is the ultimate goal. The 4s is shooting at 1080p 30fps and at a bitrate of 25MBps and when you put that whopper light grabbing lens with its huge flat surface and step down lens setup it makes for some impressive footage from a phone as everyone shall see :).
Mark
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